taxes Property Tax

School and Appraisal Districts Property Value Study 2014 Report

2014 ISD Summary Worksheet

073/Falls

073-904/Westphalia ISD

* This district is in year 1 of the grace period.


Category Local Tax Roll Value 2014 WTD Mean Ratio 2014 PTAD Value Estimate 2014 Value Assigned
A. Single-Family Residences 4,791,690 .9187 5,215,729 4,791,690
B. Multi-Family Residences 0 N/A 0 0
C1. Vacant Lots 41,720 N/A 41,720 41,720
C2. Colonia Lots 0 N/A 0 0
D1. Rural Real(Taxable) 2,360,280 1.0397 2,270,249 2,360,280
D2. Real Prop Farm & Ranch 0 N/A 0 0
E. Real Prop NonQual Acres 6,957,690 .9181 7,578,357 6,957,690
F1. Commercial Real 177,450 N/A 177,450 177,450
F2. Industrial Real 82,990 N/A 82,990 82,990
G. Oil, Gas, Minerals 0 N/A 0 0
J. Utilities 4,802,110 .9668 4,967,015 4,802,110
L1. Commercial Personal 325,030 N/A 325,030 325,030
L2. Industrial Personal 0 N/A 0 0
M. Other Personal 156,230 N/A 156,230 156,230
N. Intangible Personal Prop 0 N/A 0 0
O. Residential Inventory 0 N/A 0 0
S. Special Inventory 0 N/A 0 0
Subtotal 19,695,190 20,814,770 19,695,190
Less Total Deductions 3,057,398   3,352,100 3,057,398
Total Taxable Value 16,637,792 17,462,670 16,637,792 T2*

The taxable values shown here will not match the values reported by your appraisal district

See the ISD DEDUCTION Report for a breakdown of deduction values

Government code subsections 403.302 (J) AND (K) require the Comptroller to certify alternative measures of school district wealth. These measures are reported for taxable values for maintenance and operation (M&O) tax purposes and for interest and sinking fund (I&S) tax purposes. For districts that have not entered into value limitation agreements, T1 through T6 will be the same as T7 through T12.

Value Taxable For M&O Purposes

T1 T2 T3 T4 T5 T6
17,884,842 16,637,792 17,884,842 16,637,792 16,637,792 16,637,792


Loss To
the Additional
$10,000 Homestead
Exemption
50% of the loss
to the Local Optional
Percentage Homestead
Exemption
1,247,050 0


T1 = School district taxable value for M&O purposes before the loss to the additional $10,000 homestead exemption

T2 = School district taxable value for M&O purposes after the loss to the additional $10,000 homestead exemption and the tax
ceiling reduction

T3 = T1 minus 50% of the loss to the local optional percentage homestead exemption

T4 = T2 minus 50% of the loss to the local optional percentage homestead exemption

T5 = T2 before the loss to the tax ceiling reduction

T6 = T5 minus 50% of the loss to the local optional percentage homestead exemption

Value Taxable For I&S Purposes

T7 T8 T9 T10 T11 T12
17,884,842 16,637,792 17,884,842 16,637,792 16,637,792 16,637,792

T7 = School district taxable value for I&S purposes before the loss to the additional $10,000 homestead exemption

T8 = School district taxable value for I&S purposes after the loss to the additional $10,000 homestead exemption and the tax
ceiling reduction

T9 = T7 minus 50% of the loss to the local optional percentage homestead exemption

T10 = T8 minus 50% of the loss to the local optional percentage homestead exemption

T11 = T8 before the loss to the tax ceiling reduction

T12 = T11 minus 50% of the loss to the local optional percentage homestead exemption

The PVS found your local value invalid, but local value was certified because your school district is in year one of the grace period.